Released 7/19/18 at Military.com/Military Update | Tags: Congressional Legislation
Nineteen months ago, as Congress considered the Combat-Injured Veterans Tax Fairness Act of 2016, lawmakers shepherding the bill (HR 5015) toward enactment advised that perhaps 13,800 veterans had had taxes mistakenly withheld from lump-sum disability separation payments and would get refunds. The average amount of taxes withheld was estimated at $5,500, proponents said, and the total cost to the U. S. Treasury would be less than $78 million. My, my, were those projections off the mark.